TD Bank is announcing a FinTech collaboration today Sept 18 to enhance its corporate payment offerings The bank said it is integrating Paymode-X technology from Bottomline Technologies into its corporate banking offering Together the companies will link TD Bank business customers to Paymode-X with Visa Payables Solutions a tool to streamline payables that supports card ACH and check payments in the accounts payable AP department The tool offers businesses greater flexibility in how they pay vendors and matches payment type to what suppliers need Bottomline will also deploy its Intelligent Engagement Model to facilitate customer onboarding the companies said TD Bank strives to provide our customers with the most efficient payments solutions on the market to better integrate with their systems and provide convenience said TD Banks Rick Burke head of corporate products and services in a statement Adding Paymode-X with Visa Payables Solutions to our offering not only brings a compelling economic model for our customers but expands TDs payment capabilities across two sizeable networks with proven success in vendor acceptance This is TD Banks latest FinTech collaboration targeting the corporate segment In June the financial institution FI announced a collaboration with BizEquity to deploy a company valuation service for small business SMB customers of the bank That partnership allows for SMBs to obtain valuation reports from their TD Bank relationship managers and made TD Bank the first top-10 US bank to work with BizEquity At the same time TD Bank has been collecting insight into corporate payment habits In April the bank published a survey in its Treasury Perspectives report concluding that access to payments data is more important than the speed of settlement though more than one third ranked speed as a more important feature Rich data attached to payment files makes the jobs of both bankers and corporate professionals easier so it is not surprising that so many respondents view this as vital to running more efficient operations said TD Bank SVP Head of Treasury Management Sales Tom Gregory in a statement at the time NEW DATA Why Banking Consumers Prefer Convenience Over Security No one is safe from cybercrime Yet even with looming risk of fraud at an all-time high most consumers care more about convenience than data security 705 percent like authentication methods that are easy to use The inaugural edition of the Digital Identity Lifestyle Capsule report examines more than 150 data points and explores why speed convenience and ease of use can make or break consumers relationship with their bank accounts payable ACH B2B B2B Payments banking bottomline technologies Commercial Cards corporate payments FinTech News td bank Visa Whats Hot In B2B